Trinidad National Bank - Trinidad, CO

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 3450
Charter Number: 3450
Start Date: January 1, 1927*
Location: Trinidad, Colorado (37.169, -104.501)

Metadata

Model: gpt-5-mini
Short Digest: 4bcb5ca329a99df2

Response Measures

Accommodated withdrawals

Other: Bank president allegedly misapplied bank funds to cover withdrawals and try to restore solvency (internal/illegal use of bank funds).

Receivership Details

Date receivership started: 1933-08-18
Date receivership terminated: 1934-05-18
Share of assets assessed as good: 54.2%
Share of assets assessed as doubtful: 43.1%
Share of assets assessed as worthless: 2.8%

Description

Article (1929-09-19) reports that former president Roy Cox alleged he used bank funds after the bank became involved in financial difficulties two years ago and to restore the institution after a run by depositors. No mention of suspension, reopening, or receivership in the provided text. Date for the run is estimated (~1927) based on two years ago relative to the 1929 article.

Events (5)

1. February 3, 1886 Chartered

Source: historical_nic

2. January 1, 1927* Run

Cause: Bank Specific Adverse Info
Cause Details: Bank became involved in financial difficulties leading depositors to run; former president alleges he used funds to restore solvency after the run.
Measures: Former president Roy Cox alleges he used approximately $8,000 of bank funds in an effort to restore the institution to solvency following the run.
Newspaper Excerpt: used the bank's money in an effort to restore the institution to a solvent basis following \run\ by depositors.
Source: newspapers

3. August 18, 1933 Receivership

Source: historical_nic

4. May 18, 1934 Restored To Solvency

Source: historical_nic

5. June 4, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. September 19, 1929 The Springfield Press Springfield, MO

Article from The Springfield Press, September 19, 1929

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Article Text

FORMER CITY BANKER ARRESTED IN WEST Declaring that he was being made the "goat" by directors and officials of the Trinidad National bank of Trinidad, Colo., Roy Cox of Springfield, former president that institution, Wednesday surrendered on federal grand jury indictment at Denver charging him with misapplication of approximately $8,000. He appeared before United States Commissioner Robert E. Foote and made bond of $2,500 pending his arraignment in federal district court, according to information in Springfield. Mr. Cox is alleged to have misapplied the money after his bank became involved in financial difficulties two years ago, His defense will be that he used the bank's money in an effort to restore the institution to a solvent basis following "run" by depositors. He charged that directors and officials of the bank were seeking to escape blame for the bank's difficulties Mr. Cox formerly was connected with the old American S: vings here, but moved to Trinidad years ago. His father, Judge Argus Cox is prominent in Springfield and is well-known throughout the Ozarks.